A deadly spreading virus is now worrying some of the world’s biggest companies. The word “virus” or “coronavirus” was mentioned by 27 different S&P Composite 1500 companies on earnings calls this week, according to CNBC’s screening using FactSet. The Wuhan virus has infected more than 6,100 people in China, topping the number of cases from
The Federal Reserve‘s decision Wednesday to keep interest rates steady came as a relief to many. For good reason. Although the federal funds rate, which is what banks charge one another for short-term borrowing, is not the rate that consumers pay, the Fed’s moves still affect the borrowing and saving rates they see every day.
People with protective face masks pass in front of a thermal scanner as they enter a shopping mall in Bangkok on January 29, 2020. Mladen Antonov | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. 7:36 am: Death toll of coronavirus climbs
Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. Mandel Ngan | AFP | Getty Images Facebook is set to report
[The stream is slated to start at 2:30 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday with reporters following the central bank’s two-day policy meeting. The central bank decided to keep rates unchanged on Wednesday. Over the past few months,
Daniel Zuchnik | WireImage | Getty Images Warren Buffett, a life-long newspaper fan and booster, is giving up on his bet that local news would help protect papers in small to medium-sized cities. Berkshire Hathaway is selling its 31 newspapers to Lee Enterprises for $140 million in cash. The deal includes Buffett’s home-town daily, The
With the Powerball jackpot close to $400 million for Wednesday night’s drawing, you may be daydreaming about what you would do if you win. Among past recipients of huge jackpots — whether Powerball or Mega Millions — some common themes emerge when it comes to how they intended to handle their sudden windfall, based on
Amid concerns about the Coronavirus causing illness and deaths in China, many parade goers during New York City, New York’s annual Lunar New Year parade wore surgical masks, January 25, 2020. EuropaNewswire | Gado | Getty Images U.S. health officials are fast-tracking work on a coronavirus vaccine, hoping to start an early-stage trial within the
Tesla CEO Elon Musk speaks during the Tesla China-made Model 3 Delivery Ceremony in Shanghai. STR | AFP | Getty Images Tesla shares have skyrocketed by about 120% since the electric car maker last delivered an earnings report in October, and investors eagerly anticipate the company’s fourth quarter results, which it is scheduled to report
Hero Images | Hero Images | Getty Images Teaching kids how to save is a valuable first step toward learning how to manage money. But it shouldn’t stop there. While savings accounts are a safe bet and an easy concept to grasp, the real earning power comes from investing their hard-earned cash. That’s because kids
The image of Phuket as a cut-price destination for backpackers and budget-conscious retirees is long out of date. Phuket has now become a favorite vacation destination for the world’s wealthiest individuals, many of them arriving on super-yachts. Yachts are becoming a common sight in Phuket. Asiandelight It started when the Amanpuri resort opened and spearheaded
Warren Buffett, Berkshire Hathaway Inc. chairman and chief executive officer, tosses a newspaper as he tours the exhibition floor during the Berkshire Hathaway Inc. annual shareholders meeting in Omaha, Nebraska. Daniel Acker | Bloomberg | Getty Images Warren Buffett’s Berkshire Hathaway is leaving the newspaper business and selling its operations to publisher Lee Enterprises for
PeopleImages | E+ | Getty Images Tax season is starting off with a whimper, as 1 in 5 people predict they will owe the IRS this tax season. Those were the findings from a recent survey by NerdWallet. The personal finance website polled 2,002 adults online from Nov. 18 through Nov. 20, 2019. Taxpayers who
A patient is transferred by an ambulance to the Infectious Disease Centre of Princess Margaret Hospital on January 22, 2020 in Hong Kong, China. Anthony Kwan | Getty Images This is a live blog. Check back for updates. 11:15 am: US health officials hold press conference on the coronavirus outbreak Top U.S. health officials and infectious
Apple reported iPhone revenue of $56 billion for its fiscal first quarter on Tuesday, blowing past analysts’ estimates, proving that the new iPhone 11 is off to a strong start. IPhone revenue for the quarter rose 8% from a year earlier and climbed from the fourth quarter when Apple generated $33.36 billion in iPhone sales.
Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Apple – Apple stock rose 2.5% after it reported strong fourth-quarter
A father and daughter play with a digital tablet at an Estée Lauder store in Shanghai. SOPA Images | LightRocket | Getty Images The Chinese coronavirus is forcing Wall Street to turn sour on certain stocks. Bank of America downgraded shares of Wynn Resorts to neutral from buy and Oppenheimer downgraded shares of cosmetic company
If you can clear a few hurdles, high health care costs might help lower your 2019 tax bill. The deduction for medical expenses is one of the few tax breaks currently available to individuals, due to tax-law changes in effect from 2018 through 2025 that doubled the standard deduction and eliminated most other write-offs. As
Starbucks President and Chief Executive Officer Kevin Johnson is pictured at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019. Jason Redmond | AFP | Getty Images Starbucks on Tuesday reported quarterly earnings that beat analysts’ expectations, but investors focused on its warning that the Wuhan coronavirus outbreak could deal a blow to
Apple reported revenue and profit significantly higher than what Wall Street analysts expected and spiked as much as 3% before settling down up around 1% in after-hours trading Apple’s revenue was up 9% to $91.8 billion which beat its own guidance. That’s a significant change from the same quarter last year when it had to